The fishing trade has potential but is still largely undeveloped. Under the new structure, the federal presidency rotates each four years among the many elected presidents from the three major islands in the Union. The island of Mayotte has been administered by France ever for the reason that Comoros unilaterally declared independence in July 1975. The structure of Mayotte states that the island is to be dominated by a prefect assisted by a secretary-heneral and a General Council of 19 members. The Comoros claims Mayotte and formally represents it in worldwide organizations, together with the United Nations. Comoros is the world’s second-largest producer of vanilla, with one-third of exports going to France, and the world’s main producer of ylang-ylang, a fragrance oil.
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David Aaronson who joins the firm as a companion centered on advising on complex M&A transactions within the power sector.
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